Half Year Results 

Direct Line back on the income trail

Direct Line back on the income trail

Direct Line (DLG) has reinstated its dividend payments at the half-year mark, while compensating for the April cancellation of the 2019 final dividend by announcing a 14.4p special dividend, which gives an underlying yield of 4.5 per cent. That earlier cancellation and suspension of a £150m share buyback boosted the insurer’s solvency capital ratio. But even factoring these new payments, the measure stands at a healthy 192 per cent, a result of strengthening capital generation and the issue of £260m of Tier 2 debt.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now